Reset & Grow

Your guide to NSW small business grants (COVID-19)

The NSW lockdown has had immediate and profound impacts, with many businesses struggling to survive this latest hit. To support those businesses impacted by the recent COVID-19 restrictions and stay-at-home orders the NSW Government will be offering financial support. The key grants available include: Covid-19 Small Business Grants 2021 Job Saver Payroll Tax Support Support […]

5 tips to help manage cash flow during a period of crisis

In times of crisis, it might feel like there is little you can do to help your business survive. However, some small changes can have a big impact. Here 5 tips to improve cash flow during times of crisis:  Monitoring cash flows and forecasts diligently: Cash flow statements must be timely, relevant and accurate. Forecasting […]

Case Study – John’s Hardware Pty Limited 

John operates a hardware store through a company J&C Hardware Pty Limited, which has 3 years to go on its store lease which is $48,000 a year and he has two employees who earn $42,000 and $28,000 each.  He currently owes suppliers $80,000 for inventory and the ATO $60,000 in unpaid GST.  The company also […]

Know the warning signs – Is my business in trouble?

Despite Australia’s speedier-than-expected recovery, thousands of small businesses face tough times ahead. With JobKeeper wage subsidy and ‘safe harbour’ laws that protected businesses now over, struggling businesses must act now to ensure their survival.  There are several ‘red flag’ indicators that can tell business owners they need to seek help. Ask yourself the following questions: […]